China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Short Interest Update

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 7,100 shares, an increase of 69.0% from the May 31st total of 4,200 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on China Jo-Jo Drugstores in a research note on Sunday, June 23rd. They set a “sell” rating on the stock.

China Jo-Jo Drugstores Stock Performance

Shares of NASDAQ CJJD traded up $0.04 during trading on Friday, reaching $2.25. 7,074 shares of the company traded hands, compared to its average volume of 51,636. The firm’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $3.24. China Jo-Jo Drugstores has a 12-month low of $1.56 and a 12-month high of $4.70.

China Jo-Jo Drugstores Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.